Laing Leasing Limited - Accounts to registrar (filleted) - small 17.3

Laing Leasing Limited - Accounts to registrar (filleted) - small 17.3

LAING LEASING LIMITED - Company Information

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REGISTERED NUMBER: SC230559 (Scotland)















Unaudited Financial Statements for the Year Ended 31 July 2017

for

Laing Leasing Limited
Laing Leasing Limited (Registered number: SC230559)






Contents of the Financial Statements
for the Year Ended 31 July 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Laing Leasing Limited

Company Information
for the Year Ended 31 July 2017







DIRECTOR: N Duffus





SECRETARY: Add Accountancy Limited





REGISTERED OFFICE: 6 Market Square
OLDMELDRUM
Aberdeenshire
AB51 0AA





REGISTERED NUMBER: SC230559 (Scotland)





ACCOUNTANTS: Add Accountancy Limited
6 Market Square
OLDMELDRUM
Aberdeenshire
AB51 0AA
Page 1
Laing Leasing Limited (Registered number: SC230559)

Balance Sheet
31 July 2017

31.7.17 31.7.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 234,092 234,092

CURRENT ASSETS
Debtors 5 410,553 297,111
Cash at bank 8,404 7,348
418,957 304,459
CREDITORS
Amounts falling due within one year 6 30,443 24,306
NET CURRENT ASSETS 388,514 280,153
TOTAL ASSETS LESS CURRENT
LIABILITIES
622,606
514,245

CREDITORS
Amounts falling due after more than one year 7 339,292 243,799
NET ASSETS 283,314 270,446

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 283,312 270,444
SHAREHOLDERS' FUNDS 283,314 270,446

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395
and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as
applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 11 April 2018 and were signed by:




N Duffus - Director


The notes form part of these financial statements

Page 2
Laing Leasing Limited (Registered number: SC230559)

Notes to the Financial Statements
for the Year Ended 31 July 2017

1. STATUTORY INFORMATION

Laing Leasing Limited is a private company, limited by shares , registered in Scotland. The company's registered number
and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent
that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively
enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet
date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in
which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted
or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 August 2016
and 31 July 2017 234,092
NET BOOK VALUE
At 31 July 2017 234,092
At 31 July 2016 234,092

Page 3 continued...
Laing Leasing Limited (Registered number: SC230559)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2017

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.17 31.7.16
£    £   
Trade debtors 52,197 37,997
Other debtors 358,356 259,114
410,553 297,111

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.17 31.7.16
£    £   
Trade creditors 2,266 1,484
Taxation and social security 8,273 3,900
Other creditors 19,904 18,922
30,443 24,306

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.17 31.7.16
£    £   
Other creditors 339,292 243,799

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 339,292 187,979

Page 4